Insurance terms

Welcome to our terminology page! Here, you'll find a comprehensive list of key terms and definitions relevant to the health insurance space.
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Private health insurance

Health insurance purchased directly from a private insurance company rather than through a government program. Benefits of private health insurance include a wider choice of doctors and hospitals, more flexibility in coverage, and some services that are not covered by government programs. Drawbacks are that it can be more expensive than government programs, may not cover pre-existing conditions, and may have higher deductibles and copays.